Replacing the human workforce in the production line of factories, especially in the automotive and advanced engineering industries, has increased and this trend seems to penetrate all industries. In addition, with the advancement of technology, especially artificial intelligence (AI), these robots are expected to be designed more intelligently. Despite the role of industrial robots in productivity increase, due to high repair and maintenance costs and expensive equipment, the industrial robots market still has room for growth and development.
What dose Retiba market analysis tool encompass?
|Base Year||Market size(B$)||Duration(YEAR)||CAGR(%)||Source Name|
|2016||37.875||7||9.40||Allied market research|
|2019||48.7||5||9.20||Market and market|
|2018||11.3||7||10.20||PR news wire|
|2019||21.83||8||15.10||Fotune Business insights|
Table of Contents
Factors influencing in the size of the market value changes:
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of industrial robots
Direct drivers in the market of industrial robots
- Increasing demand in various industries
- Technology advancement
- High maintenance cost
- Cheap labor
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management.
The market of industrial robots may also be threatened by following risks:
- Technology risk
- Maturity risk
- Funding risk
- Exit value risk
- Manufacturing risk